Fabege acquires property in Hammarby Sjöstad
Fabege has acquired Påsen 1 in Hammarby Sjöstad from CapMan Nordic Real Estate. The building is very close to Fabege’s properties along Hammarby Fabriksväg and nextdoor to Trikåfabriken 9 on Textilgatan. It has a lettable area of about 10,000 sqm, 8,270 sqm of which is office space and the remainder is storage, with an additional area for parking spaces.
The acquisition is taking place via companies with an underlying property value of SEK 441 million before deductions for deferred tax. Transfer of ownership is scheduled for the second quarter of 2020.
Påsen 1 offers a strong link to Hammarby Sjöstad’s past, with its period industrial design and characteristics that showcase new, must-have features of the modern office, such as large industrial windows facing the street. The area behind the property houses a new apartment block and a spacious park, which boosts the sense of a city that never sleeps.
Fabege recognises the potential in both enhancing the range of shops and restaurants along Textilgatan up from Mårtendal light railway station, and improving the existing building with a view to creating a more modern and flexible office solution. The transaction strengthens Fabege’s ability to satisfy demand for offices in Hammarby Sjöstad.
“This acquisition represents one more piece of the puzzle in realising our vision for the area and consolidating our position as a local urban developer in Hammarby Sjöstad,” commented Stefan Dahlbo, Fabege’s CEO.
Fabege is pressing ahead with investments in continued growth in Hammarby Sjöstad, as there are still plenty of opportunities to develop the district, not least considering that the blue subway line is being expanded south and will have two new stations in the area.
2019 saw the completion of two projects: Trikåfabriken 9, which was nominated Building of the Year in Stockholm, and Båtturen 2, which is the new headquarters for Goodbye Kansas. Ongoing plans include new development rights, improvements to existing buildings and the development of an appealing range of services.
Fabege AB (publ)
For further information, please contact:
Stefan Dahlbo, CEO, Fabege, +46 (0) 8 555 148 10, stefen.dahlbo@fabege.se
Klaus Hansen Vikström, Vice President, Director of Business Development, Fabege, +46 (0)70 239 34 81, klaus.hansenvikstrom@fabege.se
Fabege is a property company focusing on city district development and commercial properties. We develop attractive and sustainable districts with modern offices, housing and a broad range of services - together with strategic partners. Both our perspective and approach to ownership are long term and our passion is creating the right conditions for all those living, working and visiting our areas. We have a presence in a limited number of high-growth submarkets in the Stockholm region. Fabege’s shares are listed on Nasdaq Stockholm, in the Large Cap segment. For more information, www.fabege.com
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